Overview

The ability to advise clients about the tax consequences of taking distributions from IRAs and qualified plans is invaluable to a tax practitioner. This is particularly valuable for those practitioners who advise clients about making withdrawals from their retirement accounts before reaching age 59 ½. If you attend, you will learn about the consequences of taking “early” distributions from retirement accounts, and the benefits of taking substantially equal periodic payments and associated tax consequences.

Major Topics:

The general tax rules regarding IRA distributions to owners

When and how an IRA owner can tap his or her IRA early with no penalties by receiving substantially equal periodic payments from such accounts

The tax treatment of substantially equal periodic payments.

Penalties for failure to substantially equal periodic payments for the minimum required period

How the payment amount is calculated

Learning Objectives

Advise clients with respect to the tax rules relating to taking substantially equal periodic payments from their IRAs

Assist clients who wish to take substantial equal periodic payments from their IRAs to make sure that the distribution has the intended tax consequences and characteristics